IHS Chemical Week

People & Business :: Companies

Solvay redeems more than $1 billion in high-yield notes

9:37 AM MDT | April 3, 2014 | Francinia Protti-Alvarez

Rhodia, a Solvay affiliate, will redeem in advance its two high-yield senior notes as part of the group's aim to reduce significantly its gross debt, Solvay announced today. Rhodia has notified the bond holders of its decision to redeem fully and irrevocably its €500-million ($689 million) high-yield notes, with an annual interest rate of 7% and due in 2018, as well as its $400-million high-yield notes, with an interest rate of 6.875% and due in 2020, the company says. Solvay will simultaneously repay the notes on 15 May with its available cash.  ...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa